A baby polar bear looks around a zoo enclosure in Germany. Eight of the last 10 bear markets in the US were associated with recessions. The next one should not be catastrophic, given the current economic climate. Photo: EPA

Opinion

Opinion

Macroscope by Tai Hui

The next bear market is coming, but it should be less fierce than the last downturn

Tai Hui says the global economy is showing decent momentum, and the US economy has become more stable. The next recession is more likely to resemble the mild ones of 1990 and 2001 than the 2008 monster

A baby polar bear looks around a zoo enclosure in Germany. Eight of the last 10 bear markets in the US were associated with recessions. The next one should not be catastrophic, given the current economic climate. Photo: EPA